The primary goal of this site is to provide mature, meaningful discussion about the Vancouver Canucks. However, we all need a break some time so this forum is basically for anything off-topic, off the wall, or to just get something off your chest! This forum is named after poster Creeper, who passed away in July of 2011 and was a long time member of the Canucks message board community.

Not yet, but it is interesting reading. I can see it growing in value as the trading network and user base expands, but I wonder if there might be a clampdown someday due to the organised crime element.

Still got to research some more, but it's also possible to make 2x, 5x, or 10x your money on stocks, so bitcoin is not the be all and end all.

Not yet, but it is interesting reading. I can see it growing in value as the trading network and user base expands, but I wonder if there might be a clampdown someday due to the organised crime element.

When you hear that some criminals have used bitcoin, keep in mind that some criminals have also used USD/CAD.

5thhorseman wrote:Still got to research some more, but it's also possible to make 2x, 5x, or 10x your money on stocks, so bitcoin is not the be all and end all.

Definitely. The more ways to earn the better! CME is starting bitcoin futures in a week or two and that should open it up to a LOT more people.

Somebody made a shitload of money. I'm guessing many more lost a shitload.

Yeah, don't invest in something you don't even remotely understand. Wonder if griz got out in time.

What little I understood made me stay away. It's a currency. Currencies fluctuate. When more people want more of a specific currency, the value goes up. When less people want it, the value goes down. It seems highly implausible that any currency would increase in value indefinitely. Even less so a currency that is not propped up by any government or central bank. It looked like a big bubble, and bubbles are prone to bursting.

If you get in early, and get out before the inevitable crash, you can do quite nicely. But it is a hell of a risk.
Once you start reading about these things in a newspaper it's usually too late to join.

Somebody made a shitload of money. I'm guessing many more lost a shitload.

Yeah, don't invest in something you don't even remotely understand. Wonder if griz got out in time.

What little I understood made me stay away. It's a currency. Currencies fluctuate. When more people want more of a specific currency, the value goes up. When less people want it, the value goes down. It seems highly implausible that any currency would increase in value indefinitely. Even less so a currency that is not propped up by any government or central bank. It looked like a big bubble, and bubbles are prone to bursting.

If you get in early, and get out before the inevitable crash, you can do quite nicely. But it is a hell of a risk.
Once you start reading about these things in a newspaper it's usually too late to join.

I know people who made millions on Bre-X. I was prompted by my broker to buy in at $12, I declined because I didn't trust a project booming like that in a country controlled by the Suharto clan. Sooner or later they would get their cut and things would get messy.